JAPANESE YEN / CANADIAN DOLLAR
This is a quick update on the CAD/JPY. I mentioned this in the Weekly analysis I did yesterday. Apologies for the sound.
As we enter the last 2 trading days of the trading week, I am looking at the GBP/USD pair which we have been trading for the past 3 days, we also have a very nice setup on the USD/CAD, EUR/USD and lastly the CAD/JPY.
CAD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 111.95 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 112.58 which is a level that sits above a pullback resistance. Take profit is at 111.03 which is a pullback support that aligns...
CAD/JPY is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 109.764 which is a potential breakout level (wait for the 1-hour candle to close above 109.764 for confirmation). Stop loss is at 109.000 which is a level that lies underneath a pullback support. Take profit is at 110.564 which is a pullback...
CAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at...
this is an update from yesterday CADJPY analysis, as yall can see price went in the predicted direction. I'm honestly expecting more sells but anything can happen. I'll keep yall updated. Please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my...
We have a very good setup on CADJPY with lower TF confirmations. Tight Stop loss will give you 66 Risk to Reward ratio. All my analysis can be wrong so do your own research and analysis before investing. #cadjpy
Market Observations: CAD/JPY has demonstrated a sustained bullish trend. However, the monthly timeframe indicates the pair is overextended. Furthermore, a double top pattern on the 1D chart suggests a potential retracement to the 50-61.8% Fibonacci levels. This zone could provide the necessary liquidity for major market players to accumulate long positions. Trade...
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #CADJPY. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level. Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance. Take profit is...
CADJPY is rising to a pullback resistance, from there it could potentially reverse to the take profit level. Sell entry is at 110.300 which is a pullback resistance. Stop loss is at 111.084 which is a swing-high resistance. Take profit is at 109.117 which an overlap support that aligns with 23.6% Fibonacci retracement and 78.6% Projection level. High Risk...
CADJPY is on a downtrend and falling to our buy entry level, it might breakout and drop further to the take profit level. Sell entry is at 109.033 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 110.188 which is a level that sits above the multi-swing-high resistance. Take profit is at 108.008 which is...
CAD/JPY is falling towards a pullback support and could potentially break under this level to drop lower. Sell entry is at 109.768 which is a potential breakout level. Stop loss is at 110.370 which is a level that sits above a pullback resistance. Take profit is between 108.953 and 109.15 which is a swing-low support that aligns close to the 61.8% Fibonacci...
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Welcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 109.115 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 107.890 which is a level that sits under a pullback support. Take profit is at 110.384 which is a pullback resistance. High Risk...